Blockchain Daily News - DLT, token, ICO, crowdsale journal
Blockchain Dail Blockchain Dail

Blockchain Daily News - DLT, token, ICO, crowdsale journal

 
              

The Hive Project launches cryptocurrency-based invoice financing platform


The Hive Project has announced the development of the first cryptocurrency invoice financing platform focused on providing new liquidity pools for small and medium-sized businesses.
Powered by the risk-lowering technology offered by blockchain, the Hive Project is an end-to-end platform that will give small and medium size enterprises (SMEs) easy access to short-term financing by turning their accounts receivables into tradable assets.






The Hive Project aims to disrupt the current invoice finance landscape by providing small businesses with access to finance without the need for centralized intermediaries.

Hive (HVN) uses Ethereum blockchain (distributed ledger) and smart contract technology to assign a unique fingerprint to every invoice issued by tokenizing invoices and publishing them on blockchain. This innovation enables businesses to automate their invoicing process, bringing blockchain technology closer to commercialization.

Ultimately, The Hive Project’s end state will include a full marketplace with advanced trading analytics for peer-to-peer lending. This will rapidly increase the liquidity available to small businesses and create a central database of invoices available for scoring and auditing. In addition to bridging the liquidity gap for small businesses, the technology provided by The Hive Project will help credit checks made on companies and facilitate rapid and real-time auditing.

“We want to help small businesses solve their liquidity issues by leveraging blockchain technology to provide financing options previously only available to large companies,” said Jure Soklic, CEO and co-founder of the Hive Project. “Our platform will dramatically streamline invoice issuance and settlement processes, optimizing small and medium-enterprises’ ability to access liquidity for day-to-day operations and to finance expansion.”

A (HVN) token grants the token holder the right to purchase invoices on the Hive platform and obtain credit scores for companies which have established a financial track record on the Hive blockchain. Invoices are rapidly uploaded to the Ethereum blockchain by invoice sellers looking for liquidity.

“The Hive Project helps small businesses automate invoicing and payments, delivering the benefits of blockchain innovation to commercial entities previously deprived of ready access to finances,” said Richard Titus, Advisor to Hive Project, Former SVP Samsung Electronics Visual Display, and CEO of Prompt.ly. “Hive Project’s end state, a marketplace with advanced trading analytics for peer-to-peer lending, will rapidly increase the liquidity available to small businesses and expand today’s often mercenary ecosystem of factoring and lending.”

The Hive Project aims to secure initial capital of BTC 2,000 through its token (HVN) crowdsale scheduled for six weeks starting Monday, July 3, 2017. The capital will be used for technical infrastructure development and the creation of the Hive Invoice Financing Fund (HVNX), which will be allocated to financing SMEs through the collateralization of invoices.

Les médias du groupe Finyear

Lisez gratuitement :

BLOCKCHAIN DAILY NEWS

Le quotidien Blockchain Daily News :
- Blockchain Daily News

Sa newsletter quotidienne :
- Blockchain Daily News Newsletter
Recevez chaque matin par mail la newsletter Blockchain daily News, une sélection quotidienne des meilleures infos et expertises en Blockchain révolution.

Sa lettre mensuelle digitale :
- The Chief Blockchain Officer


FINYEAR

Le quotidien Finyear :
- Finyear Quotidien

Sa newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation & Digital transformation.

Ses 5 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The Chief FinTech Officer
- The Chief Digital Officer

Finyear magazine trimestriel digital :
- Finyear Magazine

Un seul formulaire d'abonnement pour choisir de recevoir un ou plusieurs médias Finyear


Thursday, July 6th 2017
Rate it


New comment:

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

More on Blockchain Daily News




Recevez la newsletter quotidienne


Cryptocurrencies


Lettre mensuelle


Conferences


Liens utiles


Actus Nasdaq